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Stratabound Files PEA Technical Report for the Fremont Gold Project, California Mother Lode Gold Belt
Toronto, Ontario--(Newsfile Corp. - April 4, 2023) -   Stratabound Minerals Corp. (TSXV: SB)...
About this update from Lode Gold Resources Inc
[{"type":"text","content":"Stratabound Files PEA Technical Report for the Fremont Gold Project, California Mother Lode Gold BeltToronto, Ontario--(Newsfile Corp. - April 4, 2023) -  Stratabound Minerals Corp. (TSXV: SB) (OTCQB: SBMIF) (\"Stratabound\" or the \"Company\") announces today the filing of a National Instrument 43-101 Technical Report (\"Technical Report\") relating to its 100% owned Fremont Gold Project (the \"Project\"). The Technical Report, titled \"Preliminary Economic Assessment of the Fremont Gold Project, Mariposa County, Central California, USA\", (the \"PEA\") and dated March 31, 2023 (effective date of February 15, 2023) is available on SEDAR (www.sedar.com) under the Company's profile and on its website at www.stratabound.com.Highlights:After-tax net present value (\"NPV\") (discount rate 5%) of US$217M, internal rate of return (\"IRR\") of 21% and payback of 4.2 years at a gold price of US$1,750/oz11-year mine life producing 1,303,000 ounces of goldAverage annual gold production of 118,000 ounces over life of mine (\"LOM\"), with a peak production of 157,000 ounces in the 4th yearAverage cash cost of US$924/oz and all-in sustaining cost (\"AISC\") of US$1,162/oz goldInitial Capital Expenditure of US$203MAnnual process plant rate of 2.19 M tonnes at an average feed grade of 2.4 g/t Au and average overall gold recovery, including offsite processing, of 75.4%The PEA is preliminary in nature, includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that the PEA will be realized. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. There are no Mineral Reserves contained in the PEA.P&E Mining Consultants Inc. (\"P&E\") were retained as an independent consultant and Qualified Persons in March 2022 to undertake and author a Mineral Resource Estimate (\"MRE\") and PEA on the Fremont Gold Project in accordance with National Instrument 43-101 (\"NI 43-101\"). Kappes, Cassiday & Associates (\"KCA\") of Nevada were also engaged for the design and capital and operating costs for the process plant, heap leach facility and project infrastructure. Project Description and LocationThe Fremont Gold Project is 100% owned by F...